Ulaanbaatar /MONTSAME/ The Ministry of Finance of Mongolia and World Bank launched an Export Development Project on March 24. The project is aimed to help small and medium-sized enterprises in non-minerals sectors to strengthen their export capabilities and boost their access to export markets.
Ulaanbaatar /MONTSAME/ Automobile imports increased by 1.7 percent in 2016 compared to that of previous year. A total of 37 thousand and 738 automobiles were imported to Mongolia last year.
Ulaanbaatar /MONTSAME/ Mongolian delegation headed by Energy Minister P.Gankhuu attended the first session of the Committee on Energy of United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), ran on January 17-19 in Bangkok.
Ulaanbaatar /MONTSAME/ During its regular meeting on January 25, the Cabinet refixed the rate of excise tax imposed on petrol and diesel fuel in order to subdue the increasing price of petrol and diesel fuel in connection with a rise of oil price on global market, and maintain it.
Ulaanbaatar /MONTSAME/ The American Chamber of Commerce (AmCham) in Mongolia hosted its January Monthly Meeting with His Excellency Miyegombo Enkhbold, Chairman of State Great Khural of Mongolia on January 25th, 2017, at Best Western Premier Tuushin Hotel. The Honorable Jennifer Zimdahl Galt, U.S. Ambassador to Mongolia, attended the meeting as a guest of honor.
Ulaanbaatar /MONTSAME/ According to the Minister of Finance, the International Monetary Fund (IMF) mission will probably resume their activity in Ulaanbaatar on the negotiation of Stand-By Arrangement sometime this week.
Ulaanbaatar /MONTSAME/ For the first time in its history foreign trade balance of Mongolia has reached a surplus of USD1.5 billion. Even though the external trade balance has experienced a trade surplus since 2014, due to sharp import fall, the surplus has never reached to a billion.
Ulaanbaatar /MONTSAME / ‘Made in Mongolia’ series of expo and business meeting will run this year, announced ‘Anglo Freight’ LLC, the initiator and organizer of the event. The company in collaboration with other relevant organizations organized ‘Made in Mongolia’ series of expo and business meeting twice in the US in 2015 and 2016, involving 20 national companies.
Ulaanbaatar /MONTSAME/ By the end of 2016, there are 141.5 thousand entities registered to the business registry of Mongolia. Almost half of the registered or 69.4 thousand entities are not operational. In 2016, a total of 1,527 companies or entities fully stopped their operations, reports the Business Registry.
Ulaanbaatar /MONTSAME/ “Foreign specialists agree that Mongolia is a paradise of solar energy. But only 2-3 percent of our energy production comes from renewable energy sources; many explanations can be mentioned in this regard such as economic difficulty and content tendencies based on Mongolia’s coal resources.
Ulaanbaatar /MONTSAME/ Construction of the sewage treatment plant in Sainshand, the center of Dornogobi (East Gobi) province, will commence in 2017, an official source told MONTSAME. The project costs USD 3.7 million, funded by the Asian Development Bank.